| Description | 2023 | 2022* | 2021 | 2020 | 2019 | |
| Details | ||||||
| Revenues | 10,954.69 | 15,302.87 | 12,224.13 | 16,190.46 | 31,387.39 | |
| Construction Services | 8,725.12 | 13,561.21 | 10,160.40 | 14,234.72 | 28,648.37 | |
| Interest from Construction Services | 72.13 | 44.05 | 504.22 | 262.23 | - | |
| Precast Sales | 665.00 | 344.71 | 380.95 | 764.31 | 1,938.94 | |
| Toll Road Revenue | 1,130.80 | 916.56 | 775.01 | 390.60 | 488.80 | |
| Property Revenue | 198.14 | 252.61 | 239.52 | 450.75 | 215.55 | |
| Other Infrastructure Revenue | 59.36 | 101.22 | 94.27 | 60.81 | 51.97 | |
| Hotel Revenue | 94.50 | 81.67 | 60.91 | 26.66 | 42.42 | |
| Building and Equipment Rental | 9.63 | 0.84 | 8.85 | 0.38 | 1.34 | |
| Cost of Revenues | (10,102.96) | (13,853.53) | (10,325.64) | (15,136.02) | (28,095.02) | |
| Gross Profit (Loss) | 851.73 | 1,449.34 | 1,898.49 | 1,054.43 | 3,292.37 | |
| Profit (Loss) Before Financial Charges, Equity in Net Income of Associates and Joint Ventures | 924.56 | 1,968.37 | 4,075.57 | (3,498.73) | 1,628.65 | |
| Profit (Loss) for the Year | (4,018.27) | (1,672.73) | (1,838.73) | (9,287.79) | (2,768.51) | |
| Other Comprehensive Income (Expenses) for the Year | (47.23) | (36.09) | 120.58 | 26.05 | (66.14) | |
| Total Comprehensive Income (Loss) for the Year | (4,065.49) | (1,708.82) | (1,718.15) | (9,261.74) | (2,834.63) | |
| Profit (Loss) Attributable to: | ||||||
| Owners of the Parent Entity | (3,770.40) | (1,899.82) | (1,096.21) | (7,359.68) | (2,121.48) | |
| Non-Controlling Interest | (247.87) | 227.08 | (742.52) | (1,928.11) | (647.01) | |
| Total Comprehensive Income (Loss) Attributable to: | ||||||
| Owners of the Parent Entity | (3,817.52) | (1,935.91) | (975.63) | (7,333.63) | (2,187.62) | |
| Non-Controlling Interests | (247.97) | 227.08 | (742.52) | (1,928.11) | (647.01) | |
| Earnings (Loss) per Share (in full Rupiah amount) | (130.89) | (65.95) | (41.66) | (542.19) | 69.11 | |
| ASSETS | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | 1,340.06 | 2,221.38 | 13,165.76 | 1,213.44 | 9,258.31 | |
| Banks whose use is restricted | 6,698.17 | 6,852.70 | - | - | - | |
| Short-Term Investments | 8.45 | 8.45 | 47.28 | 239.01 | 8.45 | |
| Accounts Receivables – Net | 1,650.32 | 1,867.30 | 2,907.08 | 3,559.69 | 3,555.89 | |
| Retention Receivables – Net | 1,490.27 | 1,463.75 | 1,647.92 | 1,226.54 | 1,783.13 | |
| Other Current Receivables – Net | 1,022.16 | 7,166.65 | 6,660.03 | 6,870.64 | 8,399.16 | |
| Joint Ventures Receivables | 360.74 | 248.48 | 225.29 | 128.30 | 3,302.63 | |
| Inventories | 4,192.46 | 4,283.46 | 4,355.13 | 3,823.73 | 4,470.85 | |
| Gross Amount Due from Customers | 4,496.71 | 7,877.66 | 9,305.66 | 9,137.26 | 14,171.18 | |
| Financial Assets from Concession Project – Current Portion | 30.38 | 25.00 | 6.20 | 4.05 | 13.13 | |
| Prepaid Taxes | 621.10 | 584.03 | 1,671.73 | 1,033.90 | 2,639.19 | |
| Advances and Prepayments | 811.10 | 831.39 | 1,181.77 | 1,518.72 | 1,435.96 | |
| Non-Current Assets Held for Sale | - | - | 1,414.77 | - | - | |
| Total Current Assets | 22,721.94 | 33,430.24 | 42,588.61 | 28,755.28 | 49,037.84 | |
| Investment in Associates and Joint Ventures | 2,323.10 | 2,608.51 | 4,000.74 | 6,866.92 | 5,384.49 | |
| Others Non-Current Receivables | 8,850.42 | 1,937.59 | 67.24 | 69.70 | 109.15 | |
| Investment Properties | 317.54 | 317.54 | 317.54 | 310.15 | 310.15 | |
| Long-Term Investments | 869.74 | 869.74 | 868.52 | 780.24 | 446.76 | |
| Fixed Assets – Net | 5,007.64 | 6,137.16 | 5,413.15 | 7,819.65 | 8,663.22 | |
| Right to Use Assets | 26.42 | 39.63 | 68.83 | 127.62 | - | |
| Goodwill | 4,025.90 | 4,025.90 | 1,393.32 | 1,995.91 | 1,995.91 | |
| Intangible Assets - Toll Road Concession Rights | 49,392.54 | 47,516.60 | 48,143.91 | 53,871.28 | 55,378.83 | |
| Financial Assets from Concession Project | 213.77 | 313.40 | 338.40 | 344.60 | 339.02 | |
| Deferred Tax Assets | 14.10 | 14.69 | 37.41 | 520.77 | 1.54 | |
| Other Assets | 1,832.87 | 1,021.31 | 363.96 | 343.35 | 922.34 | |
| Total Non-Current Assets | 72,873.96 | 64,802.07 | 61,013.00 | 73,050.20 | 73,551.42 | |
| Total Assets | 95,595.90 | 98,232.32 | 103,601.61 | 105,588.96 | 122,589.26 | |
| Accounts Payable | 5,661.22 | 7,127.91 | 7,503.90 | 13.101,81 | 12,381.18 | |
| Short-Term Bank Loans | 720.63 | 814.05 | 4,210.23 | 24,870.59 | 22,162.36 | |
| Short-Term Gross Amount Due to Subcontractors | 1,238.49 | 1,416.57 | 1,441.44 | 1,407.63 | 2,688.90 | |
| Accrued Expenses | 3,326.42 | 1,037.95 | 2,919.37 | 1,563.82 | 720.63 | |
| Short-Term Taxes Payables | 2,778.03 | 3,390.07 | 2,537.83 | 1,106.64 | 1,381.84 | |
| Advances on Short-Term Contract | 836.57 | 796.26 | 594.66 | 699.90 | 364.29 | |
| Current Maturities of Long-Term Bank Loans | 1,075.22 | 278.50 | 315.28 | 1,220.25 | 833.00 | |
| Debt Purchases of Fixed Assets – Current Portion | - | - | - | - | 0.01 | |
| Short-Term Medium Term Notes | 250.00 | 250.00 | - | 300.00 | 733.00 | |
| Short-Term Bonds Payable – Net | 4,715.50 | 5,203.94 | 7,020.96 | 2,835.44 | 3,264.99 | |
| Other Short-Term Liabilities | 2,229.20 | 810.46 | 653.23 | 1,228.52 | 493.30 | |
| Current Maturities of Long-Term Lease Liabilities | 7.16 | 5.95 | 4.66 | 00.38 | - | |
| Total Current Liabilities | 22,838.44 | 21,131.65 | 27,201.57 | 48,564.87 | 45,023.50 | |
| Long-Term Bank Loans | 46,043.33 | 46,470.88 | 49,171.95 | 23,086.34 | 29,325.15 | |
| Long-Term Joint Venture Payables | 1,332.25 | 1,323.00 | 1,043.54 | 970.23 | 773.43 | |
| Long-Term Loan to Non-Bank Financial Institutions | 5,785.28 | 4,538.85 | 2,360.44 | 2,901.64 | 1,846.59 | |
| Long-Term Gross Amount | 449.22 | 726.13 | 621.58 | 771.73 | 1,361.07 | |
| Advances on Long-Term Contracts | 471.40 | 688.64 | 406.60 | 407.60 | 165.91 | |
| Deferred Tax Liabilities | 7.15 | 6.10 | 5.67 | 7.29 | 28.64 | |
| Long-Term Tax Payables | 283.62 | 395.99 | 851.40 | 725.30 | 193.16 | |
| Other Long-Term Payables | 310.52 | 1,557.88 | 1,624.54 | 2,025.48 | 1,876.41 | |
| Long-Term Lease Liabilities | 20.78 | 32.46 | 60.86 | 60.76 | - | |
| Long-Term Medium Term Notes | 485.73 | 475.00 | 250.00 | - | 300.00 | |
| Long-Term Bonds Payable – Net | 4,113.12 | 5,455.45 | 4,476.59 | 9,728.16 | 12,422.42 | |
| Employee Benefit Liabilities | 56.54 | 40.68 | 65.44 | 89.05 | 154.51 | |
| Mudharabah Sharia Bonds | 1,145.12 | 1,144.91 | - | - | - | |
| Total Non-Current Liabilities | 61,155.94 | 62,855.98 | 60,938.62 | 40,773.57 | 48,447.30 | |
| Total Liabilities | 83,994.38 | 83,987.63 | 88,140.18 | 89,011.41 | 93,470.79 | |
| Share Capital | 2,880.68 | 2,880.68 | 2,631.59 | 1,357.40 | 1,357.39 | |
| Additional Paid-in Capital | 13,565.91 | 13,565.91 | 12,495.84 | 5,849.53 | 5,552.03 | |
| Appropriated | 1,725.60 | 1,725.60 | 1,732.19 | 1,732.10 | 1,672.39 | |
| Unappropriated | (13,710.68) | (9,940.24) | (7,693.33) | (6,525.52) | 8,561.02 | |
| Other Components of Equity | 820.27 | 867.40 | 903.49 | 782.90 | 739.58 | |
| Owner of the Parent Entity | 5,281.78 | 9,099.35 | 10,069.77 | 3,196.41 | 17,882.41 | |
| Non-Controlling Interest | 6,319.73 | 5,145.34 | 5,391.66 | 8,232.70 | 11,236.06 | |
| Total Equity | 11,601.51 | 14,244.68 | 15,461.43 | 11,429.11 | 29,118.47 | |
| Total Liabilities and Equity | 95,595.90 | 98,232.32 | 103,601.61 | 100,767.65 | 122,589.26 | |
| Description | 2023 | 2022* | 2021 | 2020 | 2019 | |
| Details | ||||||
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||
| Cash Flows from Operating Activities | 2,323.66 | (106.58) | 192.78 | 411.06 | 9,014.25 | |
| Cash Flows from Investing Activities | (2,518.90) | (2,151.90) | (1,542.25) | (1,056.08) | (14,924.74) | |
| Cash Flows from Financing Activities | (684.90) | (8,102.77) | 13,334.21 | (7,407.07) | 4,334.94 | |
| Net Increase (Decrease) in Cash and Cash Equivalents | (880.14) | (10,361.26) | 11,984.75 | (8,052.09) | (1,575.55) | |
| Gain (Loss) in Cash and Foreign Exchange Rate | 1.71 | 3.06 | (8.64) | 17.24 | (11.82) | |
| Effect of Divestment | - | 574.65 | (23.79) | (10.03) | - | |
| Cash and Cash Equivalents at the Beginning of the Year | 2,221.37 | 12,004.92 | 1,213.44 | 9,258.31 | 10,845.68 | |
| Cash and Cash Equivalents at the End of Year | 1,340.07 | 2,221.38 | 13,165.76 | 1,213.44 | 9,258.31 | |
| Description | 2023 | 2022 | 2021 | 2020 | 2019 | |
| Details | ||||||
| FINANCIAL RATIOS | ||||||
| Return on Assets Ratio (ROA) | (4.20) Times | (1.70) Times | (0.70) Times | (9.22) Times | 0.84 Times | |
| Return on Equity Ratio (ROE) | (34.64) Times | (11.74) Times | (14.21) Times | (81.26) Times | 9.21 Times | |
| Net Profit Margin (NPM) | (36.68) % | (10.93) % | (15.03) % | (57.37) % | 3.28 % | |
| Current Ratio | 0.99 Times | 1.58 Times | 1.56 Times | 0.32 Times | 1.09 Times | |
| Debt to Asset Ratio | 0.88 Times | 0.86 Times | 0.85 Times | 0.88 Times | 0.76 Times | |
| Debt to Equity Ratio | 7.24 Times | 5.90 Times | 5.70 Times | 7.82 Times | 3.21 Times | |
| Description | 2023 | 2022 | 2021 | 2020 | 2019 | |
| Details | ||||||
| COMPANY’S BUSINESS HIGHLIGHTS (2019-2023) | ||||||
| Total Tenders Won (in billion rupiah) | 12,719.83 | 15,513.73 | 15,304.28 | 21,461.12 | 15,884.88 | |
| Percentage of Tenders Won (in %) | 30.82 | 31.22 | 42.17 | 54.59 | 52.53 | |
| Total New Contracts (in billion rupiah) | 16,946.72 | 20,233.43 | 20,493.56 | 27,003 | 26,081 | |
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